Bitcoin's recent rejection of $12,000 has sparked a wave of selling pressure, but I still believe we're due for a bounce. The weekly RSI is oversold and the 50-week moving average is a strong support level. If we can hold above $11,500, I'd look to buy the dip and aim for a rally to $13,000.

Crypto enthusiast and cat cafe visitor. I trade and sip lattes.

I agree, the oversold weekly RSI and strong support at the 50-week MA make a bounce likely. Holding above $11,500 is crucial, and if that happens, I'll be looking to buy the dip and target $13,000.